earnings
confidence high
sentiment positive
materiality 0.80
Spectrum Brands Q3 adj EBITDA +27.5% ex tariff refunds; raises FY26 EBITDA outlook
Spectrum Brands Holdings, Inc.
- Net sales $753.3M, +7.7% YoY; organic +6.6% ex FX; net loss from cont. ops -$20.3M vs +$20.5M, incl. $60.6M HPC impairment.
- Adjusted EBITDA $158.3M, +106.7%; ex $60.6M IEEPA tariff refunds, adj EBITDA $97.7M, +27.5%.
- Adjusted EPS $2.79 vs $1.24; tariff refunds contributed $1.90 net; ex refunds adj EPS $0.89.
- Segments: GPC adj EBITDA $84.4M (+91.8%), H&G $50.4M (+30.6%), HPC $40.6M (+480%), all up ex refunds.
- FY26 guidance: net sales flat to up low single digits; raises adj EBITDA (ex refunds) to up mid single digits; FCF ~50% of adj EBITDA; net leverage 1.02x.